Dear Trading Diary: Another very decent week with my Tesla position zooming up by one third in just a week from $185 to $245. And my long currency positions continue base-building with higher prices looming. And my PM positions continue trading very favourably. But NatGas
Tag: tesla
Dear Trading Diary: Last week was pretty acceptable with more gains in my Crude Oil position, a nifty and profitable fleet-of-foot rotation in and out of the Dow/Nasdaq spread, some bottoming action in the PMs, and encouraging early trend reversal action in Wheat, Sugar and
We are in a major transition between two roughly 100-year long eras. Already, we have seen major changes in society – and markets – that were most definitely off the radar a few years ago from NFTs to cryptos to AI in markets and in
I have in my many years never witnessed such fractured stock markets as these. Many US indexes are advancing exponentially and are making new ATHs while at the same time, the internals are flashing a deep red. For instance, the number of new highs are
Most stock indexes are making new ATHs (with our favoured Russell 2000 being the standout exception). Normally, this indicates that investors expect higher earnings to come. That is, unless the market is gripped in a feverish speculative mania of course, when earnings don’t really enter
Last week’s Where is the Wall of Worry? blog pointed to the extreme bullish investor positioning in US stocks inspired by their expectation for a rapid Fed pivot next year. And to top it off in the final week, they abandoned all restraint and piled
Two weeks ago when the Nasdaq was trading at 15,400 – only a few percent off the 15,900 recent high of 19 July – I titled my blog Fasten your seatbelts, this is going to be a bumpy ride. Now with the index off by
Thursday was a pivotal day in the ebullient financial markets. The Dow had made a record-setting 16 consecutive up closes in the US trading sessions up until Wednesday – but then ran into a brick wall and closed lower on the day. And the S&P
We have seen three pretty large US regionals bite the dust so far with at least another waiting in the wings. And here it is I guess its fate is now sealed and shareholders appear to be on the verge of a wipe-out. Of course,
It never fails, does it? Just when traders started taking the scales away from their eyes and went full-on hawkish interest rates as urged by the Fed, stocks started to recover. The latest hawkish comments from a Feb member onWednesday finally convinced them the Fed
The much-anticipated FOMC statement on Wednesday’s small 25 bps hike was greeted with open arms by the bulls, who already had pushed the FANG Gang up last month by an astonishing 40%+. Of course, Big Tech had been clobbered most of last year by rising
I have been laying out my case for an imminent reversal in the stock averages in recent issues. Last week’s title was an ironic Up, Up and Away?. Seems my hot air balloon has run out of propane! And once again the timing was spot
